Promoting Capital Investment In The Province

The Provincial Government is set to deliver its Fall Economic Statement tomorrow.
Speaking earlier this week in Toronto, Finance Minister Charles Sousa says the government will consider measures to promote capital investment.
Some of them include business R&D tax credits to reward additional spending and also a “pay or play” tax incentive for new spending in equipment, technology and training.
The government wants to help small and medium-sized businesses grow, so they can attract larger companies to invest, which would create good jobs in Northwestern Ontario.
Ontario lags behind the rest of Canada when it comes to business investment as a share of gross domestic product.